Full Citation
Title: Young Adult Household Economic Well-Being: Comparing Millennials to Earlier Generations in the United States
Citation Type: Book, Section
Publication Year: 2017
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Abstract: Given the labour market struggles of young adults in the aftermath of the Great Recession, the Millennial generation is often portrayed as lacking the economic wherewithal to be the nation's next generation of homebuyers. Assessments of their economic situation sometimes do not go beyond references to student loan debt. This chapter sizes up the economic outcomes of households headed by young adults in the USA using basic measures of their well-being. It shows whether Millennials in the USA are in any more dire financial straits than members of Generation X, the Baby Boom, and the Silent generation were when they were young. The US Census Bureau has uniformly collected data on household income since the 1960s. This chapter analyses these and other long-running data series on household well-being to assess whether Millennials are faring better than prior generations when they were the same age as today's Millennials.
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Authors: Fry, Richard
Editors: Moos, Markus; Pfeiffer, Deirdre; Vinodrai, Tara
Pages: 10+
Volume Title: The Millennial City: Trends, Implications, and Prospects for Urban Planning and Policy
Publisher: Routledge
Publisher Location: New York, NY
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Data Collections: IPUMS CPS
Topics: Labor Force and Occupational Structure, Population Mobility and Spatial Demography
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